Centennial Bank Savings Account 2.28% APY

Right now, Centennial Bank is offering up to 3.30% APY for its savings account. The minimum balance required to open an account is only $500. However, to earn the top tier rate, you will have to have at least $100,000 in deposit. If you have anywhere from $500 to $10,000, then you will get 2.28% APY. Complete rate information is listed below:

Variable Rate Tiered Savings Account
$500.00 Minimum

Balance

Interest
Rate

Annual
Percentage
Yield

$500.00 – 9,999.99

2.25%

2.28%

$10,000 – 24,999.99

2.50%

2.53%

$25,000 – 49,999.99

2.75%

2.79%

$50,000 – 99,999.99

3.00%

3.05%

$100,000 – and over

3.25%

3.30%

If the account balance falls below $500, the account doesn’t earn any interest, even though there’s no account maintenance fee. With this account, you can make at most 6 withdrawals per month, 4 of them are free of charge. Any withdrawal over the 4 limit in a calendar month will cost you $5.

This tiny bank, established on October 25, 1979, is located in Fountain Valley, CA with only one branch office and has been a member of FDIC since November 3, 1989 (certificate number 32707). According to Bankrate.com’s Safe & Sounding Rating, Centennial Bank has 4-star rating.